WhaleCreep

Pentwater Capital Management LP 13F holdings, Q1 2012

Hedge fundSEC filingsCompare with another fundHoldings as of 2012-03-31, filed 2012-05-15

Pentwater Capital Management LP disclosed 42 US equity positions worth $1.8bn in its Q1 2012 13F filing. Its largest position is EL PASO CORP at 20.2% of the reported book, followed by GOODRICH CORP and DOLLAR THRIFTY AUTOMOTIVE GP. Versus Q4 2011 it opened 19 new positions, added to 11, reduced 7 and exited 33.

$1.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
42
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
20.2%
Largest position
The largest single position as a share of the reported equity book.
76.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
11
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
75
Quarters on file since Q4 2007
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2011: 19 new, 11 added, 7 reduced, 33 exited

42 rows
EL PASO CORP no ticker–20.2%$354m11.97m+199%added
GOODRICH CORP no ticker–14.7%$258m2.06m+22%added
DOLLAR THRIFTY AUTOMOTIVE GP no ticker–11.0%$193m2.39m−3.4%reduced
SIXEUR SIX FLAGS ENTMT CORP NEW–8.4%$148m3.16m−13%reduced
MOTOROLA MOBILITY HLDGS INC no ticker–5.7%$99.3m2.53m+24%added
LOOPNET INC no ticker–3.7%$65.3m3.48m+28%added
ONYX PHARMACEUTICALS INC no ticker–3.7%$64.4m1.71m+32%added
YAHOO INC no ticker–3.4%$58.8m3.86m+422%added
ILMN ILLUMINA INCHealthcare3.1%$54.2m1.03m–new
DELPHI AUTOMOTIVE PLC no ticker–3.0%$52.3m1.66m−33%reduced
LEAP WIRELESS INTL INC no ticker–2.5%$43.2m4.95m0.0%held
APC3EUR ANADARKO PETE CORP–2.3%$40.9m522,500–new
JPM JPMORGAN CHASE & COFinancial Services2.3%$39.7m862,896−70%reduced
ZOLL MED CORP no ticker–1.9%$33.3m360,000–new
GM General Motors CorpConsumer Cyclical1.6%$28.2m2.03m0.0%held
SPY SPDR S&P 500 ETF Trust–1.6%$28.2m200,000+344%added
RSC HOLDINGS INC no ticker–1.4%$25.4m1.12m+12%added
LYONDELLBASELL INDUSTRIES NV no ticker–1.3%$22.3m510,000+90%added
STEWART ENTERPRISES INC no ticker–1.2%$20.5m3.37m–new
GRA1EUR GRACE W R & CO DEL NEW–0.9%$15.6m270,000+26%added
HARLEYSVILLE GROUP INC no ticker–0.8%$14.4m250,000–new
TALEO CORP no ticker–0.8%$13.8m300,000–new
AMT AMERICAN TOWER CORPReal Estate0.7%$12.0m190,000–new
SOLUTIA INC no ticker–0.6%$10.3m370,300–new
MCHB MECHANICS BANCORPFinancial Services0.4%$7.5m270,000–new
MCMORAN EXPLORATION CO no ticker–0.4%$6.8m635,000−9.3%reduced
ABOVENET INC no ticker–0.4%$6.6m80,000–new
COP CONOCOPHILLIPSEnergy0.3%$6.1m80,000–new
SANOFI RIGHT 12/31/2020 no ticker–0.3%$5.3m3.96m0.0%held
HICKS ACQUISITION CO II INC UNIT no ticker–0.3%$5.2m510,182–new
DIAMOND FOODS INC no ticker–0.3%$5.0m219,700−65%reduced
THOMAS & BETTS CORP no ticker–0.2%$3.6m50,000–new
HUDSON CITY BANCORP no ticker–0.2%$2.9m400,000–new
GS GOLDMAN SACHS GROUP INCFinancial Services0.1%$2.5m19,920+42%added
EQIX EQUINIX INCReal Estate0.1%$1.9m12,000–new
SIRIUS XM RADIO INC no ticker–0.10%$1.7m731,400–new
BAC BANK OF AMER CORPFinancial Services0.07%$1.2m125,000–new
ARMOUR RESIDENTIAL REIT INC no ticker–0.04%$675k100,000–new
DELPHI FINL GROUP INC no ticker–0.03%$582k13,000–new
KIPS BAY MED INC no ticker–0.01%$218k146,0000.0%held
GLOBALEAGLE ACQUISITION COR UNIT no ticker–0.01%$192k18,900−91%reduced
TALBOTS INC W EXP 04/09/2015 no ticker–0.0%$46.0k1.52m0.0%held

Exited since Q4 2011

33 rows
PHARMASSET INC no ticker7.7%$150m
HEALTHSPRING INC no ticker5.6%$110m
TRANSATLANTIC HLDGS INC no ticker5.5%$107m
SUCCESSFACTORS INC no ticker4.3%$83.7m
99 CENTS ONLY STORES no ticker3.9%$75.4m
BLUE COAT SYSTEMS INC no ticker2.7%$53.8m
AMERICAN TOWER CORP no ticker2.7%$51.9m
SONOSITE INC no ticker1.9%$37.0m
COMPLETE PRODUCTION SERVICES no ticker1.5%$29.5m
RIGHTNOW TECHNOLOGIES INC no ticker1.3%$25.2m
CONSTELLATION ENERGY GROUP I no ticker1.3%$25.0m
S1 CORPORATION no ticker1.0%$20.3m
NETLOGIC MICROSYSTEMS INC no ticker0.5%$10.4m
ADVANCED ANALOGIC TECHNOLOGIES no ticker0.4%$6.9m
LRCX LAM RESEARCH CORP0.3%$6.4m
CROWN CASTLE INTL CORP no ticker0.3%$5.6m
PHARMERICA CORP no ticker0.2%$4.5m
MLM MARTIN MARIETTA MATLS INC0.2%$4.3m
IVANHOE MINES LTD no ticker0.2%$4.0m
ATP OIL & GAS CORP no ticker0.2%$3.3m
MORTONS RESTAURANT GRP IN no ticker0.07%$1.4m
CMC COMMERCIAL METALS CO0.06%$1.2m
AMERICAN INTL GROUP INC W EXP 01/19/2021 no ticker0.06%$1.2m
TWO HBRS INVT CORP no ticker0.04%$874k
COGDELL SPENCER INC no ticker0.04%$850k
VMC VULCAN MATLS CO0.04%$787k
FLOTEK INDS INC DEL no ticker0.04%$697k
TALBOTS INC no ticker0.03%$676k
PALL CORP no ticker0.03%$547k
SCI SERVICE CORP INTL0.03%$533k
SPRINT NEXTEL CORP no ticker0.02%$482k
LORLUSD LORAL SPACE & COM INC0.02%$324k
RENTECH INC no ticker0.0%$31.0k

Sector mix

  • Unclassified91.3%
  • Healthcare3.1%
  • Financial Services2.9%
  • Consumer Cyclical1.6%
  • Real Estate0.8%
  • Energy0.3%

Book over time

Every quarter on file (75)
QuarterPositionsEquity book
Q2 202659$12.5bn
Q1 202660$14.1bn
Q4 202547$13.8bn
Q3 202566$11.1bn
Q2 202564$7.8bn
Q1 202563$7.2bn
Q4 202455$5.8bn
Q3 202452$5.5bn
Q2 202453$4.6bn
Q1 202457$6.1bn
Q4 202368$5.3bn
Q3 202369$10.4bn
Q2 202386$8.0bn
Q1 202394$6.0bn
Q4 202280$3.2bn
Q3 2022100$6.6bn
Q2 2022115$5.9bn
Q1 2022121$5.4bn
Q4 2021157$6.3bn
Q3 2021183$7.3bn
Q2 2021259$9.7bn
Q1 2021276$8.6bn
Q4 2020190$6.5bn
Q3 2020180$5.0bn
Q2 2020129$3.4bn
Q1 202093$3.7bn
Q4 2019107$2.6bn
Q3 2019110$3.2bn
Q2 2019124$5.3bn
Q1 2019105$3.8bn
Q4 201898$5.1bn
Q3 2018107$6.6bn
Q2 201877$6.9bn
Q1 201849$8.4bn
Q4 201752$7.6bn
Q3 201755$6.3bn
Q2 201759$5.8bn
Q1 201753$4.7bn
Q4 201653$3.2bn
Q3 201671$5.4bn
Q2 201663$3.7bn
Q1 201648$6.3bn
Q4 201565$7.5bn
Q3 201588$7.3bn
Q2 2015103$11.5bn
Q1 201593$7.2bn
Q4 201487$7.4bn
Q3 2014113$6.5bn
Q2 201497$5.3bn
Q1 201485$2.2bn
Q4 201369$2.1bn
Q3 201380$2.4bn
Q2 201373$3.8bn
Q1 201341$1.3bn
Q4 201244$1.6bn
Q3 201239$1.3bn
Q2 201246$1.6bn
Q1 201242$1.8bn
Q4 201156$2.0bn
Q3 201154$1.4bn
Q2 201171$1.4bn
Q1 201171$2.2bn
Q4 201052$1.4bn
Q3 201052$1.5bn
Q2 201056$812m
Q1 201040$392m
Q4 200944$487m
Q3 200927$440m
Q2 200922$316m
Q1 200917$233m
Q4 200817$293m
Q3 200834$1.0bn
Q2 200828$728m
Q1 200827$1.0bn
Q4 200728$782m

Where Pentwater Capital Management LP was early

32 rows
BCE BCE INCQ1 20081 of 826.1%6.1%3Exited by Q4 2008+2.9%
HUN HUNTSMAN CORPQ1 20084 of 1438.9%8.9%4Exited by Q1 2009−85%
SPY STATE STR SPDR S&P 500 ETF TQ1 20087 of 2671.9%27.0%57Held at last filing, Q2 2026+466%
CMG CHIPOTLE MEXICAN GRILL INCQ2 20082 of 1851.4%1.7%3Exited by Q3 2009−3.2%
RGA REINSURANCE GROUP AMER INCQ1 20091 of 1021.8%1.8%6Exited by Q3 2010+41%
BAC BANK AMERICA CORPQ2 200912 of 23211.3%11.3%54Exited by Q1 2024+155%
CMCSA COMCAST CORPQ2 200917 of 2190.1%3.5%3Exited by Q3 2014+271%
AWK AMERICAN WTR WKS CO INC NEWQ4 20096 of 1230.6%1.2%2Exited by Q2 2010−2.9%
JPM JPMORGAN CHASE & COQ4 200912 of 2310.09%8.6%33Exited by Q1 2024+308%
FIS FIDELITY NATL INFORMATION SVQ2 20107 of 2257.1%7.1%3Exited by Q1 2011+2.1%
GS GOLDMAN SACHS GROUP INCQ2 201011 of 2298.0%8.0%21Exited by Q2 2022+151%
GM GENERAL MTRS COQ2 20111 of 1692.7%4.2%18Exited by Q4 2015−1.1%
META FACEBOOK INCQ2 20124 of 3842.1%2.1%2Exited by Q4 2012−30%
ZTS ZOETIS INCQ2 20132 of 17813.1%13.1%10Exited by Q1 2019+177%
CTB COOPER TIRE & RUBR COQ3 20131 of 652.9%2.9%3Exited by Q2 2021−46%
AAL AMERICAN AIRLINES GROUP INCQ4 201313 of 2383.9%3.9%27Exited by Q4 2022−52%
VOD VODAFONE GROUP PLCQ1 20143 of 1085.0%5.0%3Exited by Q4 2014−11%
SYF SYNCHRONY FINANCIALQ3 20143 of 1810.4%5.5%36Exited by Q1 2024+56%
BKR BAKER HUGHES A GE COQ4 20148 of 1784.6%5.9%7Exited by Q4 2019−59%
HUM HUMANA INCQ2 201513 of 2113.4%8.2%12Held at last filing, Q2 2026+108%
AVGO BROADCOM INCQ2 201516 of 3239.2%15.9%9Exited by Q2 2025+1160%
MXIM MAXIM INTEGRATED PRODS INCQ4 201510 of 1010.09%12.3%5Exited by Q3 2021+177%
SNDK SANDISK CORPQ4 201514 of 2335.9%11.2%2Exited by Q2 2016+0.1%
DELL DELL TECHNOLOGIES INCQ3 20169 of 2743.8%7.1%10Exited by Q1 2019+85%
TGNA TEGNA INCQ2 201715 of 1470.06%3.0%12Exited by Q1 2026−40%
AVA AVISTA CORPQ3 20179 of 990.2%1.0%5Exited by Q4 2018−2.3%
VICI VICI PPTYS INCQ1 201816 of 1632.1%3.0%23Exited by Q1 2024+74%
CI THE CIGNA GROUPQ4 201812 of 1921.1%1.1%5Exited by Q1 2024+58%
HHH HOWARD HUGHES CORPQ2 20199 of 1160.8%1.4%3Exited by Q1 2020+2.4%
COHR COHERENT INCQ1 202115 of 2633.5%5.9%6Exited by Q3 2022−25%
KVUE KENVUE INCQ2 202310 of 2030.03%7.8%9Held at last filing, Q2 2026−28%
AMC AMC ENTMT HLDGS INCQ3 20232 of 770.03%1.3%5Held at last filing, Q2 2026−76%

Concentration and tenure

17.9%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
76.3%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
1
Median completed holding, quarters